PT Buana Lintas Lautan Tbk (ISX:BULL) LT-Debt-to-Total-Asset : 0.32 (As of Mar. 2024)

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What is PT Buana Lintas Lautan Tbk LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. PT Buana Lintas Lautan Tbk's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.32.

PT Buana Lintas Lautan Tbk's long-term debt to total assets ratio declined from Mar. 2023 (0.36) to Mar. 2024 (0.32). It may suggest that PT Buana Lintas Lautan Tbk is progressively becoming less dependent on debt to grow their business.

PT Buana Lintas Lautan Tbk LT-Debt-to-Total-Asset Historical Data

The historical data trend for PT Buana Lintas Lautan Tbk's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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PT Buana Lintas Lautan Tbk LT-Debt-to-Total-Asset Chart

PT Buana Lintas Lautan Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.32

0.38

0.43

0.37

0.28

PT Buana Lintas Lautan Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.36	0.34	0.33	0.28	0.32

PT Buana Lintas Lautan Tbk LT-Debt-to-Total-Asset Calculation

PT Buana Lintas Lautan Tbk's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1607888.055	/	5771809.39
	=	0.28

PT Buana Lintas Lautan Tbk's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1886331.718	/	5870533.409
	=	0.32

PT Buana Lintas Lautan Tbk (ISX:BULL) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

PT Buana Lintas Lautan Tbk LT-Debt-to-Total-Asset Related Terms

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PT Buana Lintas Lautan Tbk (ISX:BULL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Buana Lintas Lautan Tbk (ISX:BULL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Mega Kuningan Timur, Block C-6 Kav. 12A, South Jakarta, Mega Kuningan, Jakarta, IDN, 12950

Website

https://www.bull.co.id

PT Buana Lintas Lautan Tbk is a shipping company. The company is engaged in providing services such as Chartering and vessel operations, Shipping agency services, Ship management services, and Crew management services. The group's reportable segments are engaged based on the type of vessels chartered in Gas, Oil, FPSO and FSO, Chemical, and Others. Key revenue is generated from the Gas and Oil, FPSO, and FSO segment. The gas tankers segment of the company provides maritime transportation of liquified gas, which includes LPG, propylene, propane, and LNG. Oil and FPSO tankers provide maritime transportation of lubricating oil, crude oil, and petroleum products, floating tanker facility for production, storage, and off-loading of oil.

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